With the dilution required to accomplish that, very unlikely.
They will be very lucky to get away with the dilution that they already have planned to finish the giga factory, pay off loans and bonds, stock option grants and produce even one model 3.
How do you interpret this?
"I will be the last one to sell shares," Musk said in Germany in late 2013 when he was speaking about Tesla's plans in the region.
Musk's promise is worth giving some weight. Not only have very few CEOs ever made such a promise, but Musk's level of ownership in Tesla is quite outstanding. The CEO owns an estimated 27% of Tesla shares, making him the company's largest shareholder. This is a no-joke portion for a company worth more than $30 billion. So, promising to be the last to sell any shares of a position like this is quite a statement.
When he made the statement that he would be the last one to ever sell, I posted that it left him very few options what to do with any shares he owned. It pumped the stock when he made the statement.
1) Donate them
2) Bankrupcy and they are worth nothing
3) A buyout so he can sell the new companies stock, not TESLA.
He used the 4th option, lie and sell them.
The new recusals mean the majority of SolarCity's board will be sitting out the decision on whether to be acquired by Tesla.
When Musk sold, he has without any reasonable doubt lied to shareholders that he would be the last to sell ANY of his shares. Wonder where the lawsuits are.,
A company called Plugless is now selling wireless charging systems for home use on TESLA's. They do not appear to be affiliated with TESLA. What happened to that wall snake that IMO is obsolete compared to wireless charging(except for efficiency). It does have drawbacks, 1" thick reciever has to be mounted under the car belly, and it is only about a 7.2 KW charge rate(24 miles/hr)
Tesla Model S Wirelessly Charging With Plugless Charger
The 1.7B won't even cover the giga factory to support 500,000 cars/year let alone any of it going towards model 3
I would bet the majority of those 39M that bought vote no in hopes to get the price to rise back to where it was before this fiasco.
Wonder why he has forgotten to include EADSY in the rant.
No doubt it's Wayne/Elon/etc and must be in a bad mood based on the broken sentences and not posting for a couple months.
How many more shares did you but this time with your predictions of hitting the bottom. Ths must be al least your 5th buy in the last couple months now hitting your "limit" price.
If you believe that and don't care that TESLA has tanked, your good to go.
Note that it was not the real PWDY40) that replied to the original post.
What schedule is this referring to, 100,000 delivered in 2017 that Musk hopes to do?
"If you are a Model 3 reservation holder this means that you can probably expect your Model 3 delivered few months ahead of the schedule. Less"
Why don't they do everything you state as a partners instead of merging(the people sharing might be difficult, but our scenerio is pretty far fetched). Are they going to buy out Panasonic next in the giga factory instead of partnering with them?
That's the point, TESLA doens't have any money to spend on the panels without more secondaries or dropping the model 3
Are they going to buy or lease the panels. SCTY does not have the money if it is a lease to make them. Will they just use TESLA money if it is a purchase for the panels?
New article out how Musk may be going to court over this bidding process
Elon Musk will likely have to prove his offer for Tesla Motors to buy SolarCity in court, experts say. Musk is taking the “moral high ground”, he said on a call with analysts early Wednesday, but as the largest shareholder of both companies it won’t be easy to prove the deal is fair, experts say.